My experiences so far:
1. Location:
- it depends on what you want to do in Bangkok. If you want to go to the popular sightseeing places like Wat Pho, China town or Khao San Road etc., then it is quite far away from those. It locates, however, close to the shopping mall Siam Paragon.
- it's not easy to find for the taxi driver, since I had to call the host every time I wanted to take the taxi back home.
2.Living
- it's homestay and you have to share the living room with the host because the family lives in the same house. It feels like "Big Brother is watching you". You pay for the room but still feel like you owe somebody a favour to live there.
I had the biggest room in the house and paid 50,00 Euro per night. For this price, you could have a room at a 4-stars-hotel with all the services included.
To sum up: it is only my own experiences what I have made there. Others might have different opinions.
What you need to take into consideration before making a reservation! Think about what you really want to see in Bangkok and book your room close to that place. Otherwise you need to pay a lot for taxi cost if you're in traffic jam.
Read the cancelation terms!!! Because you won't get any cents back.